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Dec 23, 2012
12/12
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it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth
it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as...
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Dec 23, 2012
12/12
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a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the
a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly...
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Dec 23, 2012
12/12
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WJZ
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there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buses
there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done....
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Dec 23, 2012
12/12
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here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the daily beast" had its own failure, reported that plan had passed plan b before correcting the error 15 minutes later. hillary clinton did not testify this week the a congressional hearings on the benghazi attack because she's recovering from a concussion suffered after she had fainted. some fox news commentators practically demanded she get a note from her doctor. >> she's suffering from acute benghazi allergy which causes lightheadedness when she hears the word benghazi or is being asked about it. >> how could she get a concussion when she's been ducking everything. this is what i don't understand. makes no sense
here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the...
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Dec 23, 2012
12/12
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. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescripti
. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains...
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Dec 23, 2012
12/12
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is still no deal in sight on the fiscal cliff. the president is holding firm on tax cuts for the wealthiest americans. republicans say that must come with government spending cuts. in a plan b by republicans failed to make it to a vote and that has sparked some criticism from within the party. >> two years ago, speaker boehner promised to restore that process around which our entire government was designed. and so far, he has failed to fulfill that promise. i fault him for that. >> steven moore is the senior economics writer for the "wall street journal." necessary chicago. steven what do you make of congressman mcclintock and a lot of congressmen out there that mr. boehner has lost control of his own party? >> well, he certainly did, miquel, temporarily last week. almost everybody expected that plan b, as you described it, to past. and it had to be pulled at the last minute. that was an embarrassment for the speaker. he couldn't line up the votes in his own caucus that mean there is a lot of divisions even among the republicans a
is still no deal in sight on the fiscal cliff. the president is holding firm on tax cuts for the wealthiest americans. republicans say that must come with government spending cuts. in a plan b by republicans failed to make it to a vote and that has sparked some criticism from within the party. >> two years ago, speaker boehner promised to restore that process around which our entire government was designed. and so far, he has failed to fulfill that promise. i fault him for that. >>...
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Dec 23, 2012
12/12
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do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues down the road and essentially john boehner was right with bran b. we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on the table t
do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues...
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Dec 23, 2012
12/12
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the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >> mayor bloomberg, who put $250,000 into the maryland same-sex marriage campaign which succeeded. also, he used his money to defeat a pro-gun democratic in california. money well spent by the mayor of new york. >> fed chairman bernanke who saved the financial system which is at the core of capitalism. >> beautifully stated. >> jim demint from his move from the senate to the heritage foundation. i want to tell you mr. capitalist. >> with that salary? capitalist of the year mark zuckerman. for his $200 million contribution to columbia university for the
the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >>...
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Dec 23, 2012
12/12
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. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything here in washington. >> pa
. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled...
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Dec 23, 2012
12/12
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how far are we from a fiscal cliff deal? how far? president obama said he and house speaker john boehner talked yesterday, it was their first conversation since monday, when the two sides offered up concessions on tax hikes for the wealthy, the president offered lower tax rates for people earning up $400,000 a year, and for computing entitled benefits. in his weekly address, boehner stood firm, his message for the president, the ball is in your court. >> the president and senate democrats have vowed to reject and veto all of our proposals and failing to offer responsible solutions of their own. when the president has offered so far will not do anything to solve our spending problem and address the crippling debt. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that is why we finds orz oursel here today. >> the president's christmas break in hawaii may be quick, he is planning to return to washington right after christmas, briana, live in
how far are we from a fiscal cliff deal? how far? president obama said he and house speaker john boehner talked yesterday, it was their first conversation since monday, when the two sides offered up concessions on tax hikes for the wealthy, the president offered lower tax rates for people earning up $400,000 a year, and for computing entitled benefits. in his weekly address, boehner stood firm, his message for the president, the ball is in your court. >> the president and senate democrats...
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Dec 23, 2012
12/12
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>> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this country, you can go back 50, 60 years and see the articulation of where those dollars have been spent, see how that spending escalated coming through the '70s, back down a little bit with reagan, but not enough, and then, of course, when you reduce the taxes, you need to be reducing that spending, so the blame, there's -- there is plenty of blame to go around. i am really concerned that come january 1 you're going to see the taxes go up on people. you are going to see the obama care taxes come on to the books, and it's going to be kind of that taxmageddon, if you will, if we do not reach a resolution to these issue
>> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this...
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Dec 23, 2012
12/12
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i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the co
i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff?...
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Dec 23, 2012
12/12
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host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major crops days in a row. that might convince people who might otherwise think they could get a better deal to get a deal done. in that sense, it could be an action-forcing response. in the sense of what is happening in the real economy, i think we would prefer our stock market to be based on be diffict rid of. things like profits, how well companies are doing, the overall state of the economy, and that these day to day changes, whether a deal gets signed on. you're 30 or december 5. i do not think we to be too concerned about the market long term. that changes if we go a few mo
host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major...